TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders
The world’s largest contract chipmaker reported the November surge thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone.
UK financial watchdog fines Santander $132 million
The FCA said it found “serious and persistent” gaps in the Spanish bank’s anti-money laundering controls.
Southeast Asia’s 5G outlook remains ‘bleak’ in short term despite tech giant partnership, report says
A report by Fitch Solutions says that a 5G partnership between two conglomerates could help accelerate 5G in Southeast Asia but the outlook remains “bleak.”
China’s yuan could get a boost as Covid measures ease, says BK Asset Management
The onshore and offshore Chinese yuan is expected to strengthen even further than current levels, according to BK Asset Management.
Wall Street says a recession is coming. One investment pro names her favorite stocks to tough it out
The U.S. economy is on the cusp of a recession, according to several Wall Street pros. Veteran investor Nancy Tengler names four stocks to own as growth slows.
These 4 global consumer tech stocks are set to win on China reopening, HSBC says
The Asia-focused bank said a faster-than-expected recovery of consumer electronics in the coming months will benefit four under-the-radar global stocks.
Dow tumbles 300 points Friday, posts worst week since September
The Dow posted its worst week since September.
Turkey is stopping oil not under Russian sanctions, raising global energy market supply concerns
Much of the oil being held up by Turkey is Kazakh-origin and not subject to a Russian crude price cap, but shipment delays may impact the global energy market.
SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
According to internal records, executives from SpaceX, Tesla and The Boring Company are authorized to work for Elon Musk at Twitter as of early December.
Lululemon shares fall after company offers weak holiday quarter guidance
Lululemon reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter.
